Piraeus Licenses Misys BankFusion Equation to Deliver Products
– Faster Than its Competition and to Strengthen Expansion Plans
Misys plc (LSE: MSY), the global application software and services
company, today announces that Piraeus Bank, the
has licensed Misys BankFusion Equation as the technology platform to underpin
its expansion plans.
Misys Equation has added value to Piraeus Bank’s operations for many
years across its domestic and selected international branches, using Equation
to run the bank’s operations across 343 branches in
in three of its international subsidiaries. Piraeus went live with Equation
3.9 in its Albanian operations in 2008 and Romanian business in 2009. The
implementations were an important part of the bank’s growth strategy and has
helped Piraeus to continue to achieve its business ambitions, as it continues
to expand in South-Eastern Europe and the Eastern Mediterranean markets. Its
future growth objectives in its domestic and international operations will be
accelerated by BankFusion Equation.
In this latest release of the solution, Equation has been re-architected
into an SOA environment using Misys’ revolutionary BankFusion(TM) platform.
Misys BankFusion Equation delivers Java (J2EE) re-usable components to
Piraeus and gives it improved security and risk management capabilities and
the flexibility to scale the business rapidly. BankFusion Equation
automatically generates the system’s Java code, significantly reducing manual
input and errors and accelerating solution modifications.
“It is imperative that we move faster than our competition,” states Janis
Delis, DGM – Operations Technology and Organisation, Piraeus Bank. “Our
investment in Misys and its BankFusion Equation solution is critical in our
desire to maintain our competitive edge as we continue to expand and to be
agile and innovative for our customers. The revolutionary technology in
BankFusion Equation will allow us to launch innovative new products and
services quickly that would normally take months of development with other
core banking systems and seamlessly integrate best of breed solutions. We
look forward to continuing to receive the support we have received over the
fruitful relationship we have had with Misys, and to strengthening our
position in retail banking and enterprise financing still further.”
management team at Piraeus has chosen to invest in Misys, our BankFusion
strategy and the future roadmap of the solution. This will give them a unique
ability to tailor their business processes to the exact requirements of the
organisation, without having to replace the existing underlying technology,
and enable them to stay ahead of the competition.”
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world’s top 50 banks. In
healthcare, Misys plc owns a controlling stake in NASDAQ-listed
Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision
of healthcare technology, serving more than 150,000 physicians, 700 hospitals
and nearly 7,000 post-acute and homecare organisations. Misys employs around
6,000 people who serve customers in more than 120 countries.
We aspire to be the world’s best application software and services
company, delivering results for the most important industries in the world.
Misys: experience, solutions, results Contact us today, visit: http://www.misys.com For further information please contact Edward Taylor Global Head of Public Relations Misys Solutions for Banking and Treasury & Capital Markets +44(0)20-3320-5530 firstname.lastname@example.org Sebastian Mathews Financial Dynamics +44(0)207-269-7158 email@example.com
SOURCE Misys plc